| Performance and Several Key Metrics |
When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews
several key metrics, which include the following:
| |
|
For the years ended March 31,
|
|
|
|
|
2025
|
|
|
2024
|
|
|
2023
|
|
|
Brokerage and commission income
|
|
$
|
4,363,672
|
|
|
$
|
8,230,266
|
|
|
$
|
2,080,535
|
|
|
Principal transactions and proprietary trading
|
|
|
105,483
|
|
|
|
(715,309
|
)
|
|
|
—
|
|
|
Interest income
|
|
|
1,176,572
|
|
|
|
1,166,998
|
|
|
|
204,183
|
|
|
Software licensing (including subscription based) and related support services income
|
|
|
1,802,217
|
|
|
|
1,373,854
|
|
|
|
3,454,056
|
|
|
Total revenues
|
|
|
7,447,944
|
|
|
|
10,055,809
|
|
|
|
5,738,774
|
|
|
Commissions and brokerage fees
|
|
|
(246,259
|
)
|
|
|
(401,843
|
)
|
|
|
(77,045
|
)
|
|
Software licensing (including subscription based) and related support outsourcing cost
|
|
|
(975,865
|
)
|
|
|
(802,745
|
)
|
|
|
(562,577
|
)
|
|
Interest expenses
|
|
|
(289,943
|
)
|
|
|
(158,441
|
)
|
|
|
(18,041
|
)
|
|
Research and development expenses
|
|
|
(427,672
|
)
|
|
|
—
|
|
|
|
—
|
|
|
Other operating costs and expenses
|
|
|
(16,159,560
|
)
|
|
|
(5,749,586
|
)
|
|
|
(2,014,658
|
)
|
|
Operating (loss) income
|
|
|
(10,651,355
|
)
|
|
|
2,943,194
|
|
|
|
3,066,453
|
|
|
Other (loss) income, net
|
|
|
(1,162,722
|
)
|
|
|
(6,706
|
)
|
|
|
729,113
|
|
|
(Loss) income before income tax expense
|
|
|
(11,814,077
|
)
|
|
|
2,936,488
|
|
|
|
3,795,566
|
|
|
Income tax expense
|
|
|
(153,428
|
)
|
|
|
(439,934
|
)
|
|
|
(714,861
|
)
|
|
Net (loss) income
|
|
$
|
(11,967,505
|
)
|
|
$
|
2,496,554
|
|
|
$
|
3,080,705
|
|
|